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Economy of Rwanda vs Suriname compared: GDP & Debt

Updated on by Georank team

Rwanda has a GDP of $14.3B compared to $4.42B for Suriname, ranking 144/197 and 164/197 by economy size, respectively.

Rwanda has $9.58B in government debt (67.2% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Rwanda vs Suriname GDP by year

Rwanda
Suriname
1x
Year GDP, current $
Rwanda Suriname
2024 $14,251,642,235 $4,416,775,112
2023 $14,331,722,703 $3,472,693,412
2022 $13,316,161,002 $3,791,603,200
2021 $11,078,787,090 $3,107,923,198
2020 $10,174,386,857 $2,911,807,496
2019 $10,349,300,277 $4,016,040,575
2018 $9,637,904,521 $3,996,198,867
2017 $9,252,833,891 $3,591,679,431
2016 $8,695,272,058 $3,317,421,648
2015 $8,543,760,200 $5,126,237,646
2014 $8,238,966,124 $5,240,606,061
2013 $7,819,964,030 $5,145,757,576
2012 $7,654,761,050 $4,980,000,000
2011 $6,884,913,658 $4,422,276,622
2010 $6,124,756,654 $4,368,370,998
2009 $5,674,476,969 $3,875,409,836
2008 $5,179,854,065 $3,532,969,035
2007 $4,070,507,895 $2,936,612,022
2006 $3,319,784,539 $2,626,380,435
2005 $2,933,819,766 $1,793,410,397
2004 $2,376,496,067 $1,484,092,538
2003 $2,138,237,279 $1,274,190,311
2002 $1,966,003,468 $1,093,574,468
2001 $1,966,600,715 $834,279,358
2000 $2,068,836,754 $947,671,970
1999 $2,157,108,263 $886,290,698
1998 $1,989,343,546 $1,110,850,000
1997 $1,851,558,197 $926,422,500
1996 $1,382,334,879 $861,372,806
1995 $1,293,535,193 $691,590,498
1994 $753,636,370 $605,492,537
1993 $1,971,525,712 $428,764,706
1992 $2,029,026,962 $404,600,000
1991 $1,911,600,237 $448,100,000
1990 $2,550,185,679 $388,400,000
1989 $2,405,022,593 $542,600,000
1988 $2,395,492,687 $1,161,000,000
1987 $2,157,432,668 $980,000,000
1986 $1,944,710,684 $891,000,000
1985 $1,715,626,331 $873,000,000
1984 $1,587,413,084 $864,000,000
1983 $1,479,687,587 $883,500,000
1982 $1,407,243,139 $915,000,000
1981 $1,407,062,527 $889,000,000
1980 $1,254,765,642 $795,000,000
1979 $1,109,346,131 $782,500,000
1978 $905,709,076 $735,500,000
1977 $746,650,613 $641,500,000
1976 $637,753,853 $505,500,000
1975 $571,863,500 $465,500,000
1974 $308,458,423 $409,850,000
1973 $290,746,157 $339,450,000
1972 $246,457,838 $311,950,000
1971 $222,952,504 $301,000,000
1970 $219,900,006 $274,900,000
1969 $188,700,037 $259,650,000
1968 $172,200,018 $241,350,000
1967 $159,560,018 $220,700,000
1966 $124,525,703 $190,350,000
1965 $148,799,980 $154,150,000
1964 $129,999,994 $134,400,000
1963 $128,000,000 $125,950,000
1962 $125,000,008 $116,150,000
1961 $122,000,016 $107,700,000
1960 $119,000,024 $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/rwanda/suriname | CC BY

GDP per capita in Rwanda vs Suriname by year

Rwanda
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Rwanda Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,000 $3,711 $6,962 $21,801
2023 $1,027 $3,399 $5,522 $21,110
2022 $975 $3,099 $6,084 $20,079
2021 $830 $2,733 $5,030 $18,458
2020 $779 $2,285 $4,755 $16,947
2019 $810 $2,336 $6,630 $19,772
2018 $772 $2,125 $6,666 $17,855
2017 $758 $1,968 $6,050 $17,568
2016 $730 $1,866 $5,644 $14,475
2015 $734 $1,781 $8,814 $16,544
2014 $725 $1,678 $9,108 $16,598
2013 $705 $1,512 $9,043 $16,173
2012 $707 $1,455 $8,851 $15,185
2011 $651 $1,413 $7,950 $13,926
2010 $594 $1,314 $7,944 $13,039
2009 $564 $1,241 $7,130 $12,393
2008 $528 $1,191 $6,576 $12,097
2007 $426 $1,079 $5,530 $11,530
2006 $357 $1,002 $5,003 $10,803
2005 $324 $914 $3,453 $10,014
2004 $269.5 $832 $2,888 $9,389
2003 $249 $775 $2,516 $8,552
2002 $234 $760 $2,202 $8,046
2001 $237.3 $670 $1,715 $7,865
2000 $251.9 $609 $1,988 $7,535
1999 $264.7 $554 $1,898 $7,367
1998 $246.2 $528 $2,429 $7,521
1997 $238.7 $500 $2,068 $7,422
1996 $206 $499 $1,963 $7,048
1995 $228 $514 $1,610 $7,000
1994 $111 $311 $1,434 $6,973
1993 $247 $521 $1,022 $6,650
1992 $264.1 $575 $969 $6,992
1991 $254 $542 $1,080 $6,852
1990 $346 $549 $942 $6,493
1989 $335 - $1,329 -
1988 $344 - $2,886 -
1987 $320 - $2,469 -
1986 $297.7 - $2,271 -
1985 $271.6 - $2,256 -
1984 $259.9 - $2,261 -
1983 $250.6 - $2,333 -
1982 $246.4 - $2,430 -
1981 $254.6 - $2,368 -
1980 $234.4 - $2,118 -
1979 $213.8 - $2,072 -
1978 $179.9 - $1,928 -
1977 $152.7 - $1,666 -
1976 $134.4 - $1,302 -
1975 $124.1 - $1,190 -
1974 $68.9 - $1,041 -
1973 $66.9 - $858 -
1972 $58.4 - $785 -
1971 $54.4 - $768 -
1970 $55.2 - $724 -
1969 $48.9 - $708 -
1968 $46 - $681 -
1967 $44 - $644 -
1966 $35.4 - $575 -
1965 $43.5 - $482 -
1964 $39 - $435 -
1963 $39.3 - $424 -
1962 $39.2 - $409 -
1961 $39.3 - $395 -
1960 $39.4 - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/rwanda/suriname | CC BY

Rwanda's GDP per capita is $1,000, ranking 178/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Rwanda ranks 168th at $3,711, while Suriname ranks 89th at $21,801.

Economic indicators

Rwanda Suriname
Gross domestic product
$14.3B
2024
$4.42B
2024
GDP rank
144/197
2024
164/197
2024
GDP growth
8.89%
2023-2024
1.72%
2023-2024
GDP per capita
$1,000
2024
$6,962
2024
GDP per capita rank
178/197
2024
102/197
2024
GDP per capita, PPP
$3,711
2024
$21,801
2024
GDP per capita PPP rank
168/197
2024
89/197
2024
Government debt
$9.58B
2024
$3.86B
2024
Debt-to-GDP ratio
67.2%
2024
87.3%
2024
Government debt per person
$672
2024
$6,077
2024
Government debt per person rank
157/185
2024
74/185
2024
Average annual personal income after taxes
$2,194
2026
$3,263
2026
Market capitalization of domestic companies
$2.75B
2024
n/a
Income share by richest 10%
33.4%
2023
30.1%
2022
Income share by poorest 10%
3.1%
2023
2.2%
2022
Government expenditure, % of GDP
28.8%
2024
29.2%
2024
Consumer prices inflation
1.77%
2023-2024
16.2%
2023-2024
Central bank interest rate
6.75%
2025
10%
2013
Unemployment rate
11.3%
2024
7.92%
2016
Population
14975051
646767

Spending and national debt comparison by year

Rwanda
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Rwanda Suriname
Government spending Government debt Government spending Government debt
2024 28.8% 67.2% 29.2% 87.3%
2023 27% 63.4% 29% 98.2%
2022 29.7% 60.9% 29.5% 116.9%
2021 31.6% 67.3% 32% 115.8%
2020 33.5% 68.7% 30.2% 146.4%
2019 28.2% 53.6% 40.5% 84%
2018 26.4% 49.2% 29.5% 68.6%
2017 25.1% 45.6% 28.7% 73%
2016 25.1% 41.1% 27.9% 75.4%
2015 26.6% 33.1% 29.9% 41.2%
2014 27.5% 29.1% 25.2% 25.2%
2013 26.2% 26.7% 26.2% 27.9%
2012 24.6% 19.1% 25.1% 20.1%
2011 24.7% 18.7% 21% 18.7%
2010 23.8% 18.8% 21% 17.3%
2009 22.3% 18.5% 24% 14.6%
2008 22.5% 18.3% 20.5% 14.8%
2007 22.4% 22.1% 22.6% 16.4%
2006 20.6% 22.5% 22.2% 22.5%
2005 19.9% 58.9% 22.2% 27.1%
2004 17.9% 80.9% 20.8% 29.4%
2003 18.5% 79.5% 19.2% 31.5%
2002 20.5% 92% 22.2% 37.4%
2001 19.1% 84% 21.8% 37.2%
2000 18.2% 86% 24.4% 48.4%
1999 22.4% 78.4% 19.6% 32.3%
1998 16.4% 70.1% 30.3% 21.6%
1997 17% 72.2% 21.1% 16.8%
1996 19.5% 83.4% 21.4% 11.8%
1995 18% 100.8% 20.2% 16.3%
1994 13.3% - 19.8% 30.5%
1993 20.3% - 21.2% 51.1%
1992 21.5% - 24.4% 64.4%
1991 - - 26.6% 75.7%
1990 - - 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/suriname | CC BY

In 2024, Rwanda's government spending was $4.1B, accounting for 28.8% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 67.2% in Rwanda and 87.3% in Suriname, ranking 65/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Rwanda

Suriname
1x
Year Deficit/surplus, % of GDP
Rwanda Suriname
2024 -6.57% -2.42%
2023 -5.04% -1.68%
2022 -5.74% -2.69%
2021 -7% -5.66%
2020 -9.54% -12%
2019 -5.08% -20.2%
2018 -2.57% -8.56%
2017 -2.52% -8.62%
2016 -2.27% -10.2%
2015 -2.68% -8.29%
2014 -3.92% -2.65%
2013 -1.27% -2.64%
2012 -2.38% -0.38%
2011 -0.86% 2.32%
2010 -0.64% -0.15%
2009 0.26% 2.03%
2008 0.83% 2.39%
2007 -1.56% 5.01%
2006 -0.03% 0.59%
2005 1.12% -3.39%
2004 2.27% -1.2%
2003 -1.23% -0.11%
2002 -2.03% -3.3%
2001 -1.8% 3.49%
2000 -0.22% -7.76%
1999 -4.41% -4.92%
1998 -2.59% -6.39%
1997 -2.22% -0.32%
1996 -5.01% 3.42%
1995 -2.04% 1.17%
1994 -9.54% -1.89%
1993 -6.6% -4.68%
1992 -7.21% -6.45%
1991 - -9.8%
1990 - -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/rwanda/suriname | CC BY

In 2024, Rwanda's government deficit, the difference between spending and revenue, was $936M, equivalent to 6.57% of GDP. This compares to Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 33 years, Rwanda recorded a fiscal deficit in 29 of those years, while Suriname ran a deficit in 25 years. On average, Rwanda posted an annual deficit equal to 3.03% of GDP, compared to deficit of 3.22% of GDP for Suriname.

Inflation comparison by year

Inflation
Rwanda

Suriname
1x
Year Consumer prices inflation
Rwanda Suriname
2024 1.77% 16.2%
2023 19.8% 51.6%
2022 17.7% 52.4%
2021 -0.39% 59.1%
2020 9.85% 34.9%
2019 3.35% -
2018 -0.31% -
2017 8.28% 22%
2016 7.17% 55.4%
2015 2.53% 6.89%
2014 2.35% 3.38%
2013 5.92% 1.92%
2012 10.3% 5.01%
2011 3.08% 17.7%
2010 -0.25% 6.94%
2009 12.9% -0.13%
2008 15.4% 14.7%
2007 9.08% 6.43%
2006 8.88% 11.3%
2005 9.01% 9.9%
2004 12.3% 9.99%
2003 7.45% 23%
2002 1.99% 15.5%
2001 3.34% 38.6%
2000 3.9% 59.4%
1999 -2.41% 98.8%
1998 6.21% 19%
1997 12% 7.15%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/rwanda/suriname | CC BY

Over the past 28 years, Rwanda has recorded an average annual inflation rate of 6.83%, compared with 24.9% in Suriname. In 2024, inflation was 1.77% in Rwanda and 16.2% in Suriname.

Balance of trade

Rwanda Suriname
Current account balance
-$1.81B
2024
$9.31M
2024
Current account balance ranking
140/190
2024
76/190
2024
Current account balance, % of GDP
-12.7%
2024
+0.21%
2024
Goods imports
$5.55B
2024
$1.65B
2024
Goods exports
$3.2B
2024
$2.58B
2024
Service imports
$991M
2024
$921M
2024
Service exports
$1.08B
2024
$211M
2024
Imports of goods and services, % of GDP
39.1%
2024
38.4%
2010
Exports of goods and services, % of GDP
30.8%
2024
52.5%
2010

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Rwanda Suriname
Economic freedom 56.5 53
Economic freedom ranking 121/197 143/197
Property rights 60.3 40.5
Government integrity 53.9 41
Judicial effectiveness 27.5 46.5
Tax burden 80.6 69.1
Government spending 75.7 74.3
Fiscal health 37.5 76.6
Business freedom 60.1 56.9
Labor freedom 49.1 69
Monetary freedom 72.3 56.4
Trade freedom 61.8 65.2
Investment freedom 60 20
Financial freedom 40 20

Economic freedom comparison by year

Rwanda
Suriname
1x
Year Economic freedom index
Rwanda Suriname
2026 56.5 53
2025 54.8 50.9
2024 51.6 46.7
2023 52.2 46.1
2022 57.1 48.1
2021 68.3 46.4
2020 70.9 49.5
2019 71.1 48.1
2018 69.1 48.1
2017 67.6 48
2016 63.1 53.8
2015 64.8 54.2
2014 64.7 54.2
2013 64.1 52
2012 64.9 52.6
2011 62.7 53.1
2010 59.1 52.5
2009 54.2 54.1
2008 54.2 54.3
2007 52.4 54.8
2006 52.8 55.1
2005 51.7 51.9
2004 53.3 47.9
2003 47.8 46.9
2002 50.4 48
2001 45.4 44.3
2000 42.3 45.8
1999 39.8 40.1
1998 39.1 39.9
1997 38.3 35.9
1996 - 36.7

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/rwanda/suriname | CC BY

The Economic Freedom Index for Rwanda is 56.5, ranking 121/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Rwanda Suriname
Services, % of GDP
47.6%
2024
50.8%
2024
Industry, % of GDP
21%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
24.6%
2024
6.77%
2024
GNI, Atlas method
$14.8B
2024
$3.61B
2024
GNI per capita, PPP
$3,620
2024
$20,000
2024
Total reserves including gold
$2.41B
2024
$1.63B
2024
Total reserves ranking
123/177
2024
132/177
2024
Net foreign direct investment
-$560M
2024
$26.5M
2024
Net inflows of foreign direct investment
$573M
2024
-$37.6M
2024
Net outflows of foreign direct investment
$13.2M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
3.09%
2024
20.5%
2023
Poverty at national poverty lines
27.4%
2023
70%
2020
Gross capital formation, % of GDP
25.9%
2024
36.2%
2010

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/rwanda/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.